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20121222
20121222
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)'s took a hit today thanks to the fiscal cliff drama the markets tanked after house republicans cancelled the vote. congress the final friday before christmas go without a deal. the dow dropped 120 points. the nasdaq lost 29. the s&p lost 14. adam shapiro of the fox business network. for weeks it's been reported that investors had already figured into the numbers if you will the fiscal cliff. why are we here? >> you mean at the point that we're down on the dow and down today? >> harris: yeah. >> first of all it could have been worse. when you saw the future last night what he would realized there was not going to be a deal in the house investors said it's not going to be good. they pulled back. there is still 10 days. some investors believe that will happen. priced. in big money investors already pulling out of the market. they were selling some of their stocks in anticipation what will be a tax hit for them no matter what. they were getting ready for. this you still have optimism among some investors that there could be a deal. monday is going to be a low volume day. it's a half day of t
. emily, thank you. besides the fiscal cliff, washington is a buzz. we talk about gun control. there's one big roadblock to getting a new law, national rifle association. the nra has one of the most powerful lobbies in washington and yesterday they set a defiant tone. >> the only way to stop a monster from killing our kids is to be personally involved and invest in a plan of absolute protection. the only thing that stops a bad guy with a gun is a good guy with a gun. would you rather have your 911 call bring a good guy with a gun from a mile away or from a minute away? >> the nra has a plan and that plan is to put armed guards in every school and they've called on congress to make it happen. they've even started their own initiative to promote it. cnn national correspondent susan candiotti joins us from new york. not quite what some people had hoped to hear from nra. we were all awaiting this big statement and that's what we got. >> good morning, randi. a lot of people had hoped in the wake of the tragedy at sandy hook elementary school, the nra would offer some concessions and possibly de
to the fiscal cliff. the combination of tax hikes and across the board spending cuts that no one wants to have happen. the president seems to be sticking with his plan and congress seems to be in disarray. time is running out. the time is january 1st just ten days away. nancy cordes has the latest on the negotiations. >> reporter: shortly before he left for hawaii president obama urged congressional leaders to address a smaller plan to avert the fiscal cliff because his talk with speaker boehner on a smaller deal have stalled. >> i met them halfway on taxes, and i met them more than halfway on spending. >> reporter: that was not speaker boehner's take earlier in the day. >> what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy. >> reporter: but boehner's position was weakened after he tried but failed to pass his own plan in the house. >> as you know the house did not take up the tax bill last night because we didn't have the votes to pass it. it's not the
-called fiscal cliff with stephen dinan and then we get more comments. first president obama nominating senator john kerry of massachusetts to be the next secretary of state of the united states. and in his announcement the president spoke about john kerry's background in foreign affairs and what makes senator kerry a good nominee to be the next secretary of state. >> john's entire life has prepared him for this role. the son of a foreign service officer. he has a deep respect for the men and women of the state department. the role they play in advancing our interests and values and the risks they take and make in sacrificing their families. and especially our military power. and he knows from personal experience that when we send our troops into harm's way, we must give them a strategy, a clear mission and the resources they need to get the job done. in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john has played a major role in every foreign policy debate in years. he understands we have to harness all elements of american power and ensure
they go over the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> okay, we are getting really close to the fiscal curb, and when congress comes back, they will only have four days. so it is time for ezra klein to tell us what we'll feel when we do go over the fiscal cliff. coming up. so now i can be in the scene. advair is clinically proven to help sign
the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. d
is known for her creative holiday cards. this year's theme is a riff on the fiscal cliff. >>> a million moms plan to march on washington in support of gun control. a survival of gun violence herself and that's coming up and what does that mean when even grover norquist cannot get the gop to march in lockstep. does this mean the republican party is in disarray? our war room has more on that. ♪ ♪ ♪ clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> hi richard
to blame. boehner's plan b gimmick failed big-time last night at this point a fiscal cliff deal with boehner's members would probably require divine intervention. >> how we get there, god only knows. but i've done is that eric and i and our team here are committed to working with our colleagues on both sides of the aisle, both sides of the capitol and the white house to address it. >> after a day with dealing with humiliation, boehner hit the gavel and sent his members home for the holidays. there will be no deal this weekend. then boehner took the walk of shame out of the capitol. it's unclear whether he will be the speaker in the new year. it was the same sad walk many house members took last night when they couldn't get their own folks to vote on boehner's plan b. republican leaders can't strike a deal with their own members. how will they strike one with the president of the united states? boehner was scrambling for excuses today. >> you know, one of my colleagues the other night had an analogy of 100 people drowning in a pool, and that he was a lifeguard. and because he cou
Search Results 0 to 7 of about 8